Affordable Housing In Prospect
Jackson County, Oregon

Waiting List Openings In Prospect

Waiting ListStatus
Housing Authority of Jackson County Other Open Now

Housing Authorities that serve Prospect

Housing Authority Programs
Housing Authority of Jackson County Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Section 8 Project-Based Voucher (PBV); Moderate Rehabilitation

Guide To Affordable Housing in Prospect, Oregon

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Prospect, Oregon.

Income Based Apartments in Prospect, Oregon

Prospect features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Prospect, Oregon

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Prospect.

Housing Choice Vouchers in Prospect, Oregon

On average, Section 8 Housing Choice vouchers pay Prospect landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Prospect.

The maximum amount a voucher would pay on behalf of a low-income tenant in Prospect, Oregon for a two-bedroom apartment is between $939 and $1,147.

2020 Prospect, Oregon Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $729 $792 $1,043 $1,505 $1,831
Payment Standard Range $656 to $802 $713 to $871 $939 to $1,147 $1,355 to $1,656 $1,648 to $2,014

Sourced from federal housing data and research.

Prospect, OR Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 37%
Average Renter Household Size 2.02
Average Household Size 2.02
Median Household Income $31,042 ±$12,049
Median Rent $684 ±$105
Percentage Of Renters Overburdened 61.9% ± 35.44pp
Total Population 459

Population and Household Demographics

Prospect is a City in Jackson County, Oregon with a population of 459. There are 227 households in the city with an average household size of 2.02 persons. 37% of households in Prospect are renters.

Income and Rent Overburden in Prospect

The median gross income for households in Prospect is $31,042 a year, or $2,587 a month. The median rent for the city is $684 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Prospect, a household making less than $2,280 a month would be considered overburdened when renting an apartment at or above the median rent. 61.9% of households who rent are overburdened in Prospect.1

Area Median Income In Prospect

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Prospect, the AMI is calculated from all households within Jackson County.

In Prospect, HUD calculates the Area Median Income for a family of four as $66,300

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Prospect

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Prospect

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,650 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $42,800
50% of Median $22,700 $25,950 $29,200 $32,400 $35,000 $37,600 $40,200 $42,800
80% of Median $36,300 $41,450 $46,650 $51,800 $55,950 $60,100 $64,250 $68,400